Kuala Lumpur: Prime Minister Anwar Ibrahim said the government has a strategy to prevent any increase in the prices of chicken and eggs following the decision to float the prices of both food items.
Anwar, who is also finance minister, said the market and wholesale prices of both chicken and eggs are still low in the peninsula while the prices of both goods in Thailand are even lower than in Malaysia.“If there is a reduction in supplies, we can top up with the 30% stock of chicken and eggs from the agriculture and food security ministry. I have been told by the minister that would then boost supply with stock from Thailand in order to prevent any price hike.
SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more He was responding to Rosol Wahid , who asked Putrajaya to guarantee that the decision to float the prices of chicken and eggs would not burden the people, who are already facing an increase in the cost of living.
He added that the government decided to float the prices of the two food items after considering the current market price, which is less than the ceiling price.Last Friday, Anwar announced in his 2024 budget speech that temporary ceiling prices for chicken and eggs will be waived in order to allow room for the market to freely manoeuvre in ensuring uninterrupted supply.
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